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3435 Martin Luther King Jr. Way

Oakland, CA 94609

$1,200,000

  • 4 Units
  • Pending
  • 6 Beds
  • 4.5 Baths
  • 3,759 SqFt
  • MLS# 460749

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Investor's will have a hard time finding better cash flow in Oakland! 4 Large Apartments Walking Distance to Macarthur BART station. Turn Key Investment with Fantastic In-Place Income. Great Cash Flow Immediately with a 6.13% in-place Cap Rate and $105,300 gross annual income. Central Location - Close to Downtown Oakland/Bart with a Walk Score of 86, and a Bike Score of 90. It's just a 9 Minute Walk to Macarthur BART (0.6 Miles). Just under 1.5 Miles To The FOX Theater And Downtown Oakland. There is automatic upside with the potential to build 5 more units on this land. 3 Units Have Been Beautifully Renovated with hardwood floors/paint, quartz counter tops, refurbished cabinets, new appliances, etc.

Location

Cross Street:

35th Street

City:

Oakland

County:

Alameda

Housing Units & Financial Information

Interior Features

Exterior Features

Additional Details

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About West Oakland

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At-a-Glance

Located along the waterfront of the Port of Oakland, West Oakland has something of a colorful past.

Once deeded in the early 1800s to Spanish Army soldier Luis Maria Peralta in what would go down as one of the largest land grants in history, by mid-century, men who had been leasing the land began illegally selling off farm plots. Among these squatters was none other than Horace Carpentier, who would become Oakland’s first mayor.

Near the turn of the century, West Oakland swelled in population as people from across the United States, Mexico, Asia, and Europe began to make their homes here. By the late 1800s, the area — complete with its own baseball team, the Oakland Oaks — would begin a cycle of upheaval and renewal that spanned the twentieth century and continues to this day.

In a Few Words

On the rise

Living Here

The Bay Area is known for its exceptional cuisine, and when it comes to good eating, West Oakland holds its own:

  1. Zella’s Soulful Kitchen and 10th & Wood are two not-to-be-missed hot spots for those looking for down-home comfort food.
  2. Ethic choices abound in West Oakland as well, and include delicious send ups from The Whole Tortilla, Venga Paella, and FuseBox, among many others.
  3. And when you’re looking for something sweet, Starter Bakery, Kilovolt Coffee, and The Bread Project don’t disappoint.

Good-to-Know

For a time, Jack London made his home in West Oakland. His novel, Valley of the Moon, is set here.

Why West Oakland?

Many are attracted to West Oakland due to its close proximity to San Francisco and the variety of public transportation options this city offers. Those looking for affordable rental and housing prices are also drawn here and are happy to call West Oakland home.

More About West Oakland

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Listing Agent:

Keith Manson

Listing Brokerage:

Cbre

© 2018 San Francisco Association of Realtors. All rights reserved. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective consumers interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

This data is up-to-date as of 11/13/18. For the most current information, contact
McGuire Client Care at 800-473-7858 or clientcare@mcguire.com.

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